Investors Purchase High Volume of Put Options on iShares MSCI Taiwan ETF (NYSEARCA:EWT)

iShares MSCI Taiwan ETF (NYSEARCA:EWT) was the recipient of unusually large options trading on Monday. Stock investors acquired 20,252 put options on the company. This represents an increase of 1,652% compared to the typical daily volume of 1,156 put options.

iShares MSCI Taiwan ETF Stock Up 2.9%

Shares of iShares MSCI Taiwan ETF stock opened at $72.03 on Tuesday. The company has a market cap of $8.10 billion, a PE ratio of 17.58 and a beta of 0.94. The business has a 50 day moving average of $70.36 and a 200 day moving average of $66.08. iShares MSCI Taiwan ETF has a 52 week low of $39.44 and a 52 week high of $77.25.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Several institutional investors and hedge funds have recently modified their holdings of EWT. Cullen Capital Management LLC lifted its stake in shares of iShares MSCI Taiwan ETF by 24.6% in the 2nd quarter. Cullen Capital Management LLC now owns 156,851 shares of the exchange traded fund’s stock valued at $9,003,000 after purchasing an additional 31,016 shares during the period. Bank of Montreal Can grew its stake in iShares MSCI Taiwan ETF by 177.2% in the second quarter. Bank of Montreal Can now owns 2,816 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 1,800 shares during the period. City of London Investment Management Co. Ltd. grew its stake in iShares MSCI Taiwan ETF by 31.9% in the second quarter. City of London Investment Management Co. Ltd. now owns 937,565 shares of the exchange traded fund’s stock worth $53,816,000 after purchasing an additional 226,970 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in iShares MSCI Taiwan ETF by 31.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 80,140 shares of the exchange traded fund’s stock worth $5,099,000 after purchasing an additional 19,397 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its holdings in iShares MSCI Taiwan ETF by 109.2% in the third quarter. Pekin Hardy Strauss Inc. now owns 39,205 shares of the exchange traded fund’s stock worth $2,494,000 after purchasing an additional 20,465 shares in the last quarter.

About iShares MSCI Taiwan ETF

Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.